Botswana sees 0.8% budget surplus in 2015/16: finmin - CNBC Africa

Botswana sees 0.8% budget surplus in 2015/16: finmin

Financial

by Reuters 0

Botswana expects a budget surplus in the 2015/16. PHOTO: osisa.org

This is expected to happen in the 2015/16 fiscal year starting in April, compared with a 1.33 billion pula surplus in 2014/15, Finance Minister Kenneth Matambo said on Monday.

(READ MORE: Botswana introduces Medium-Term Expenditure Framework)

"The modest surplus will contribute towards rebuilding of the country's net financial assets and provide a cushion to global shocks," Matambo said in a budget speech.

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